After a September decision from a US regulator paved the way for Polymarket's return, the company is reportedly only weeks away from an initial relaunch. Prediction platform Polymarket is reportedly eyeing launching trading services in the United States in a matter of weeks. According to a Tuesday Bloomberg report citing people familiar with the matter, Polymarket plans to initially launch limited trades available to US residents before the end of November, with an emphasis on sports betting. The relaunch report came about two months after the US Commodity Futures Trading Commission (CFTC) said it had issued a no-action letter to a crypto derivatives exchange and clearinghouse acquired by Polymarket. This move set the stage for the company to “go live in the USA,” according to CEO Shayne Coplan. Read more
A strong first-day haul positions Bitwise’s Solana fund as a test case for US appetite toward staking-based crypto ETFs after new SEC clarity. Investor appetite for staking-focused exchange-traded funds (ETFs) in the United States appears strong, with Bitwise’s new Solana product seeing substantial inflows on its first day of trading. The Bitwise Solana Staking ETF (BSOL), which began trading on Tuesday, has already attracted roughly $222.8 million in assets, according to Bloomberg Intelligence senior ETF analyst Eric Balchunas. Balchunas characterized the size as significant for a newly launched crypto ETF, indicating increasing institutional engagement and confidence in staking strategies. Read more
The Nasdaq-listed company will allocate 5.6% of its $3.57 billion Ether treasury through ether.fi and EigenCloud on Linea, marking one of the largest corporate DeFi deployments to date. SharpLink Gaming has announced plans to deploy $200 million worth of Ether (ETH) from its corporate treasury onto Consensys’ Linea network. The company said the multi-year initiative will use Linea’s zkEVM layer-2 infrastructure to generate onchain yield and increase the efficiency of its ETH holdings. According to Tuesday’s press release, the strategy aims to capture “highly competitive, differentiated, risk-adjusted ETH-denominated returns.” SharpLink plans to generate yields from staking, restaking rewards earned by helping secure EigenCloud’s decentralized verification services (AVSs), and incentives from Linea and ether.fi — a decentralized liquid staking and restaking protocol. Read more